A huge mistake that comes up in business is something that doesn’t actually seem like it’s a big deal at all. And that is, paying employees or independent contractors in cash.Â
Here’s why. The all powerful Internal Revenue Service, can can disallow the deduction entirely. Meaning if you paid con...
So you’ve got a side hustle. And you might be wondering if you really need a tax ID number, also referred to as an EIN. In this blog post, I’ll discuss whether or not you should get an EIN or employer identification number for your side hustle business.
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An EIN is a nine digit number assigned ...
As a tax professional for many years, my advice is to always file your tax returns. I know that seems obvious. But sometimes life happens and we find ourselves falling behind with lots of important stuff especially filing your taxes.
In this blog post, I’ll share a story about a friend of mine, ...
Tax laws are complicated, but the most common tax return errors are surprisingly - simple things that I want to help you avoid.
In this blog post, I’ll cover the top 10 common tax filing mistakes according to the IRS. That can cost YOU, the taxpayer, valuable time and precious money.
Stay until...